A waterfront property on 1.46 acres with a dock offers riverfront appeal and renovation upside, but specialized flood work, high utilities, and complex construction could eat profits. Get contractor estimates and architect renderings before bidding.
Are you in the deal room? Multi-unit comparables and approvals. One fix and flip evaluation opportunity. This is a waterfront property on 1.46 acres with a solid existing structure and a dock. Very attractive features if renovated currently. Pros: eye-catching riverfront curb appeal, can be repositioned as a renovated waterfront home, basement gives usable square footage and design flexibility. Cons: renovation costs on a large structure likely very significant, waterfront specialized work, elevated utilities, flood mitigation adds complexity. Key financial considerations: Estimate renovation costs. Waterfront properties often run higher on renovation due to structural floodproofing and back sea wall work. Comparable sold after renovation. Look for nearby renovated waterfront homes for comps. Typically sell at a premium. Quick starter: commission a contractor cost estimate and architect renderings before bidding. That will give you clearer profit visibility.
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